YRC Worldwide Inc. took a noncash impairment of $823.1 million for the book value of good will and certain trade names in the first three quarters of 2008.

In a filing Monday with the Securities and Exchange Commission, the Overland Park, Kan.-based trucking company (Nasdaq: YRCW) said the impairment included a complete writeoff of good will for its National Transportation segment, the majority of good will for its YRC Logistics segment and reductions in the trade-name values of Roadway, Reimer Express Lines and USF.

News of the charge comes after YRC reported Oct. 23 that third-quarter earnings were $36.6 million, or 63 cents a share, down 10 percent from earnings of $40.7 million, or 70 cents a share, during the same quarter a year before. Revenue was $2.38 billion for the quarter, down 6 percent from $2.46 billion in the third quarter of 2007.

YRC’s stock closed on Tuesday at $3.80, down 22 cents, or 5.5 percent, on volume of about 719,700 shares, according to Yahoo Finance. The stock’s average daily volume the past three months is about 2.5 million shares.

Last month, YRC Logistics Inc., a subsidiary of YRC Worldwide Inc., laid off about 50 employees in St. Louis and about 150 in nearby Edwardsville, Ill., as part of a change in service providers by one of its clients.

Forum post from the working class "....I don't have the confidence that YRC will remain in business the next 5 to10....slow death of a company being financially raped by the Yellow buy-out"

" Like other U.S. trucking companies, YRC has struggled with weak freight volumes since the third quarter of 2006 due to a combination of the housing sector meltdown, worsening retail and auto sales and a slowing of the overall economy.

The company's stock has lost more than 90 percent of its value since early 2007 when it was trading at close to $50."